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as we near the 1500 mark on the s&p 500. and a 0.1% contraction is expected for the german economy in the fourth quarter. those figures will be out in just under 30 minutes. >>> the governors of the banks of italy -- trade in siena. and imf's christine legarde tells us that central bank stimulus is still needed. >> we have the central bank on the one hand which have done quite a lot, which have been the fireman, in a way. and you have the policymakers on the other hand particularly in the eurozone who have made some progress and need to keep the momentum. >> now, any minute now, we're expecting the results from germany's ifo institute. january business climate index survey is expected to rise to a reading of 103 from 102.4 in december. this, of course, follows an increase in expectations in the dew survey earlier this week. we've seen an increase in the pmi surveys for germany over the last couple of months. as the german economy particularly looking to climb out of its contraction in the fourth quarter, we're waiting on the ifo senior va to tell us whether sentiment broadly speaki
the role of the government in revitalizing japan's economy. it describes how politicians should promote growth and restore fiscal health. along with drafting the joint statement, boj officials have agreed to introduce open-ended asset purchasing. under a new program from january 2014 the central bank will purchase a certain amount of financial assets every month. no termination date is being set for the scheme. the new measure will expand the total size of the asset purchase program, or app, by about 10 trillion yen, or $110 billion, in 2014. the program is expected to be maintained in the future. following the boj meeting, central bank governor and the finance minister aso reported on the release of the joint statement to prime minister abe at his office. >> translator: the government strongly hopes the bank of japan will continue to promote a strong monetary easing policy in order to achieve the goal. >> translator: the bank of japan believes it is important to realize sustainable growth by overcoming deflation at an early stage and achieving price stability. it is vital to strengthen
steps. the document also addresses the role of the government in revitalizing japan's economy. it describes how politicians should promote growth and restore fiscal health. along with drafting the joint statement, boj officials have agreed to introduce open-ended asset purchasing. under a new program from january 2014 the central bank will purchase a certain amount of financial assets every month. no termination date is being set for the scheme. the new measure will expand the total size of the asset purchase program, or app, by about 10 trillion yen, or $110 billion, in 2014. the program is expected to be maintained in the future. following the meeting prime minister and revital minister reported on the release of the joint statement to prime minister abe at his office. >> translator: the government strongly hopes the bank of japan will a monetary easing policy in order to achieve the goal. >> translator: the bank of japan believes it is important to realize sustainable growth by overcoming deflation at an early stage and achieving price stability. it is vital to strengthen o
great economies, france and germany. they have been friends for 50 years. >> after centuries of conflict, they culminated in two world wars. speaking at a news conference in berlin, german chancellor angela merkel and french president francois hollande talking about that. >> they promised to unveil proposals in the coming months and it is a big step forward dr. became to power pledging to reverse the plans that merkel had championed. >> it is the first time these bundestag has had a full parliament from another country here. the french president, hollande, recalled the original spirit leading to the historic relationship. >> young people are not only our future but also the reason for the policies that we are pursuing. >> young people in both of our countries have the uncomfortable good fortune that they have never had to experience in it. but peace and democracy. >> he also addressed the economic crisis in europe and chancellor merkel followed suit. she stressed it is necessary. >> what have we learned from 50 years of franco-german friendship? our greatest problems can be solved when w
worldwide with the size of that economy including in japan, the united states, china. look at the trade figures worldwide. in 2010 trade grew coming out of the great recession 13.9%, and in 2011 it was 5%, and i think the final figures for last year, 2012, will be somewhere between 2.5 or 2.7. so it's no wonder that you have the problems that you do in major economies worldwide with the slowdown in trade. and i think that unfortunately, i think that we're going to see a continuation of the problems in europe at least for the most part of 2013, just take a look at the latest figures out of germany which was the strongest economy in the eurozone when it came out. and we have our own problems, as you're aware, here in the united states notwithstanding getting by the immediate crisis at the end of this year on the so-called fiscal cliff. all we managed to do was to put off some of the biggest decisions for another two or three months. so i think, you know, europe has managed along with a little help from ourselves and elsewhere has managed to cloud the world economy. in the case of japan, i
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actually a friend of the system and the economy. take a listen to this one. >> i think jpmorgan was a -- was not just a fair weather friend. we were there in good times and bad times for everybody, including nations. for spain and italy we will tell you -- we were lending $15 billion net of collateral. net derivatives, spain and italy. yes, it's governments and multi- nationals if you want to be transparent. what would you do? what would you all do? if you were my board of directors, it's easy to say don't take the risk. move out. we've been in spain and italy, one for 60 years, wur finish over 100 -- one for over 100. we're not a fair weather friend. companies want us there. we have to manage that risk. something may go wrong. >> got to tell you guys, the feedback after that panel was actually not good. a lot of people criticizing jamie just in the hallways. obviously a lot of people happy to see him defending the bank. a lot of bankers here. the mood, nature of where we are. there was some criticism. the other big news, by the way, not happening in davos -- yeah? >> i was goin
.3%, down from a contraction of 0.4% in 2011. more difficult news for the spanish economy. >>> now in a long-anticipated speech on the future of britain in the european union, prime minister cameron has warned that democratic consent from a u.k. membership is "wafer thin." speaking in london, he said he's in favor of having e.u. referendum but not at the moment and urged e.u. leaders to address the challenges currently alienating the electorate. >> there's a gap between the e.u. and citizens which has grown dramatically in recent years and which represents a lack of democratic accountability and consent that is, yes, felt particularly acutely here in britain. now if we don't address these challenges, the sdarj that europe will -- danger is that europe will fail and the british people will drift toward the exit. >> i spoke to unilever's paul pohlman to get his thoughts on the strained relationship with the european union and whether a potential u.k. exit is bad for business. >> if you create a certain level of uncertainty between now and 2017 or whatever the date is of a proposed referendum i
repatriating money that's already taxed to the united states will boost our economy and allow us to create jobs here and maybe could be tie intoed creating an infrastructure bank, but we need some fundamental changes. belief it or not we care more than anything else about the health of the economy, so deficit reduction is really big for us. we support the simpson-bowles, we're the only association that does. it hurts etch, it's shared sacrifice, it's painful even for us but we need stability in our finances as a country, and every responsible business should stand up and say that, and we're urging both sides -- republicans and democrats -- to recognize the pain has to be spread around. there's some things, patent controls that effects innovation. basically, people don't produce anything but lawyers. it's not really a good way to get a society. and from the smallest start-up to the biggest economy everyone's saying we need more certainty, you shouldn't be putting people out of work in actively-of run companies if they're don't even think they're breaking someone's patent. there has to be some ce
in 2014. the moves do follow heavy pressure from shinzo abe despite reflation and a flagging economy. but the yen actually settled higher with some economists. look at that. that is suggesting they ended up almost 1.2% above the dollar. there's questions whether the 2% dollar stated can be achieved. now there's plenty more on the boj's inflation packed with the government live. hi. >> hi, kelly. the bank of japan and the government issued a joint statement that set a 2% inflation target today replacing its current 1% price. from japan's monetary policy has shifted into unexplored territory. the boj agreed to try and hit the 2% target as quickly as possible rather than over the medium to long-term. but the target will probably be difficult to meet. forecasts released by the bank showed that the consumer price index will rise to just 0.9% in the fiscal year starting in 2014. boj officials said that the 2% target will be possible if the country's growth potential is improved by further government reform. the joint statement is binding for both the government and the boj calling on both
to a better economy. keys to your house, a new house hopefully. connell: let's talk about the markets. nicole petallides starts us off as she does each day with stocks now. nicole: taking a look at a market that really has shown strength over the last seven of the past nine weeks. the dow trading as high as 13,682 prior to pulling back here into negative territory. we are seeing multi- year highs. while they see the trend to the upside, they rally to resist it levels. i wanted to take a look. it was lower in the free market. the cfo, chief financial officer, gave an outlook for 2013. it is now trading higher on this conference call. their wireless margins took a jump. a good outlook. back to you. dagen: thank you. congress is heading back to work just one day after president asked both parties to come together and stand behind his visions. connell: house republicans may be less than willing to join him. rich: so is the bipartisan goodwill. the effects of the inauguration starting to disappear a bit from washington. some tourists remaining in town. we expect them to drop the same lines we have
of an economy. steams you come there and you obviously things don't always always come through. northbound suggested it's because the adjectives are fun. do you buy that? >> no. i would say the last couple of years, people were pretty negative. i have to say, though i've only been here a day, people are pretty positive this time. a bit more optimistic about what might be happening. i wouldn't say it's time to pop champagne, but people have been more positive this year. >> thank you for being here. joe, becky, back to you guys. we'll see new a little bit. we have a fun segment for you at 6:30. >> you do. i looked through some of the stuff, andrew. you're a regular skier. >> it's a little embarrassing, but we'll show it to you. >> don't give it away. >> but your heel -- >> there it is. >> your heel is not tethers to the ski, right? that's what makes it -- right? >> this is a different type of skiing that i had never done before. >> oh, god. good. >> now you've got the piece. you'll see it. there might be a fall or two involved. >> that's how your hair got messed up yesterday. >>> coming, wha
economy. they're celebrating the 50th anniversary of reconciliation. the elysee treaty was signed in 1963. commemorative events were held tuesday in britain -- in berlin, that is. french and german ministers held a joint cabinet meeting in the city. german chancellor angela america 8 and french president francois hollande made a statement together in parliament to emphasize their ties. they say they're determined to boost cooperation to help europe overcome its challenges. merkel said germany and france will soon make joi proposals to deepen economic integration in the eu. >>> the european debt crisis has revealed rifts between member countries. but merkel and hollande say they hope the celebrations will highlight the e.u.'s ties. >>> and now let's get a check on markets. first taking a look at the currencies, the dollar is lower against the yen as traders are taking profits following the recent advance. the dollar against the yen changing hands at 88.74-76. the u.s. currency was trading at the 89-yen level before the bank of japan announcements. market players see the outcome of the b.o.
market economy and grow the business in a slow growth world economy. again, reflecting slow growth overall. i think they had strong numbers when it came to agency. some of those numbers up by 18%. volume was driven by agriculture with robust tales in latin america and a strong selling to the north american selling season along with increases in asia pacific for performance materials, electronics and communications and performance chemicals. >> the stock was higher a year and a half ago or so. but in terms of the last year, it's getting -- it's sort of the in the mid point of the trend. coming back, at least trying to get back to where it was earlier. all-time highs are at about 58. >> in corporate headlines, more developments in the boeing story. there are indications now that the dream liner could stay grounded longer than initially anticipated. investigators turning to the maker of the lithium ion batteries that are used in the planes. that is gsyausa. investigators visited the batterymaker yesterday. shares of boeing have started getting to the low end of the range after some ch
'll tell what you, if the economy keeps getting better over the next three years, you've got hillary linton rclin running three years from now, we republicans have such a major headwind in our face for the next three years. it's going to be tough. >> yeah, there's no question. but there's so many variables. >> go ahead. >> no, so many variables that could happen in the next 3 1/2 years. >> yeah. ed sees you making a motion, he stops. >> i was trying to get richard haass in on this. >> she wants some more 'roids. >> andrea, i'm sorry, we cut you off. >> no, there are other points about the politics of it. joe biden is going to be at the white house, in closed meetings with the president today and has had a very high-profile role. clearly, this is the interview that he would have wanted to see. and when you talk to a lot of leading democrats who were in town this weekend, they were saying that joe biden has everything going for him except that hillary clinton is a woman and is a celebrity and has the best popularity. and she has the virtue, after eight years then of barack obama and the obama
they were so-called developed economies. and so what i thought i would do here is just run through some of the lessons that we learned there that i think, unfortunately, shut up and looked at by the europeans. and they are only now starting to realize that they could have cut down the present negative situation because let's face it, europe as a whole, with a few exceptions, is in either a recession or stagnation. first, each country is unique. this is something they didn't want to see. greece adding the situation by longtime mismanagement on the fiscal side and raid the banks. in the case of ireland, it was the banks the drag the sovereign is -- sovereign as. in the case of portugal, with some portuguese in the audience here, it was basically a decade of no growth in portugal. in the case of spain, it was a bubble in real estate that was financed by mainly the savings and loan institutions, some of which have gone under, a number have gone under. and a government that basically drove up the deficit, and regional governments because regions are very important in spain, also drove up thi
about the economy, 8.3 fewer americans are working today than there were four years ago, what is your reaction to that? >> well, just shows you how out of touch eghe is. normally when the president is reelected, remember, no landslide. you work together, find common ground and work ford. this person's goal is to break the republican party. he's out of touch where america is at and it's more of a speech after progressive party agenda not something for all of america to get behind. >> sean: how ironic, too, the president lecturing the americans on tone and did you remember of talking about mitt romney and a steel worker's wife? >> and when you work on a president's speech in the inaugural, you usually have a take away line. what is the take away line. normally when the election is over, it's time to govern, he moved the campaign committee going when he can't run for further office. this is what this individual does. he can't govern, but that's what he continues to do is just politics. >> sean: all right, you're a leader of the republican party in the house, one area of government where
the big roll the private sector is playing in the rebuilding of his country and his economy. david: before we get started on this hour, we want to tell you what drove the markets with today's data. a sea of green on wall street with all three major indices ending week higher. dow, s&p and nasdaq posting a fourth straight week of gains the dow is the week's winner, closing up 1.%. all 10 s&p sectors ending the trading day higher led by consumer discretionary and energy. the euro hitting a 11-month high versus the dollar after the ecb said banks will pay back loans faster than expected. euro rising to $1.34 in intraday trading against the greenback. >>> new home sales as we mentioned before falling last month dropping to an annual rate of 3509,000. that is last month's drop did not derail the previous gains. housing sales posted the best year since 2009, jumping 20% from a year ago, sandy. >> we have our market panel. jeff saut, chief investment strategist at raymond james. david steinberg, dls capital managing partner. let's first start with mark. the take on the rally here. it is good news
in equity. the economy is going to be lousy for the next two years. >> so we're running this online poll which is asking this question, this lack of current crisis that we have, is that because there has been real progress or is it century? >> no. i think it's a product. the ecb has stepped up and merkel and others committed to some day doing the kinds of physical transfers of banking units they need. and there has been some real progress even off that cleanup. but none of that is going to offset the unemployment numbers, barred from that the lack of investment, the constraint on demand from the austerity programs, the feedback in europe. so, again, it is real progress, but that's not going translate to growth anytime soon. >> when you say not going to translate into growth, what is the outlook? >> to me, what i've been saying for a few months is that europe's past is bounded from below and from above. we've ruled out the worst of the crisis, thank god. but the austerity, unemployment and continued downward wage pressures put a tight ceiling on growth. so germany is growing less than 11%
and the germans do it, they do it right. and weak economies, heavily dependent on exports, heavily dependent on the car industry and that could go up and down. two things. i don't think they have the political will to engage outside the borders and i don't think they have the financial resources to do as much as we thought they should do and even some of their policy people think they should do relative to their national security, strength, military strength. is always not in a condition to do that and a heavy reliance on u.s. presence as that diminishes, some tough decisions to make as other nations. >> good morning. barbara matthews, international regulatory analytics. i have a question about the 20% written large. you have described what sounds like what you consider to be an inevitable retrenchment if not potential return to some isolation in the united states weather for political reasons or budgetary constraint purposes. that is a different position than the guarantor of security and liberty globally. europe may not have the financial resources to pick up the baton. can you describe wh
low, but a guest said, look, washington is going to mess up the economy. the sequestering issue is prevalent, and the debt ceiling debate is going to further erode consumer confidence, people will not spend, and the rally might be in jeopardy. i'm a real basking of hopefulness and positivity. >> thank you so much. the unions, lou dobbs weighs in on dwindling union membership, but to the point, there's a rally holding on, but a rally nonetheless. >> that's right. the s&p right now, which was above 1500, 1502 to be exact a short time ago, back to the levels we saw in 2007. we're trying to hang on to the rally, but thinking the dow was up more than a hundred points, and now it's up 3 dlsh 4 -- 41. >> will the markets hold on despite with what's going on with apple breaking down? clinging to green, approached the 1500 level not seen in years. if we end higher, that's the 7th consecutive day of gains, the longest winning streak in more than six years for the s&p. >> and no longer the apple of wall street's eye. it pummeledded as they posted the fourth most profitable company ever. >>
not to be a political football that by becoming that, does damage to our economy. >> without any question, obama's real objective is not just obamacare, but it's to eliminate any political opposition, to just wipe them off the map and the media is now telling them not only will they help, but offering advice how to do it. >> who does that look like to you? >> for the past couple of weeks, this is how we've heard about jodi arias. >> do you know who that is? >> it looks like jodi. >> prosecutors working as hard as they can to send her to death row, but tonight, we hear about jodi in a different way. it happens here, her home for now, the maximum security tower in the jail in phoenix. i was given exclusive access to this units and i met jodi. >> how are you feeling. >> this is jodi's room here, a cell. it's a small room, windows at the top and three burnings and only jodi's's in the middle and her roommate's down here. >> to the a tax threat, and nicolas sarkozy and his wife are thinking escaping france to avoid a huge tax. >> and sarkozy and his wife carla bruney except the tax rate of 75% proposed by h
in the u.s., in germany and to an extent in the uk. >> the trouble is for all of those economies maybe some of the european ones are under pressure by the government. but the problem is, if you look at issues in the u.s., they're just so low. there's no ability to cut in the long-term. how do you push through entitlement reform and address those issues, especially if there's no market pressure right now? >> my sense is that you don't. i don't understand how that can be achieved and, therefore, i suppose what i struggle with is what solution can the government find? the bank of japan, if you monetize the debt in a low inflationary environment, is this a free lunch? >> right. >> in the uk, it has turned out to be a free lunch. would it in japan? possibly, yes, and, therefore, i wonder if these issues ever will be addressed. >> and what's so interesting, you're seeing these bizarre rates happening in a monetary policy. we feel like we're in a whole new regime where people feel like it doesn't matter at all. wondering if it matters at all how much you spend and borrow in these situations. how d
. >> and an international audience watching on tv. a lot of europeans want to know which way the world's biggest economy is headed and can politicians sort things out. here is a man that thinks he can make a difference the second time around. obama then looked forward to his next and final four years in office calling an end to the politics of division and saying the united states could achieve anything if it acted as one. >> a decade of war is now ending. an economic recovery has begun. america's possibilities are limitless, for we possess all of the qualities this world without boundaries demand, youth and drive, diversity and openness. an endless capacity for risk and a gift for reinvention. my fellow americans, we are made for this moment and we will seize it so long as we seize it together. >> our washington correspondent was there. you were at the inauguration. obama had quite a big wish list. take us through it. >> well, it is not really a wish list. inaugural speeches are not the place for a wish list. but you can read between the lines. i would sum it up with two words, unity and equality. a me
in the red for 2012. the world's third biggest economy has posted a trade deficit of $78.3 billion. u.s. house ever presented this has passed a bill to extend the debt limit until may. it effectively put off the possibility of the u.s. defaulted on its debt. three weeks earlier, congress and the white house hammered out the last-minute deal to prevent the so-called fiscal cliff. the u.s. debt stands at $16.50 trillion. the british prime minister has been building on wednesday's historic speech about his country's future with the european union. david carolwood speaking at the world economic forum -- david cameron was speaking at the world economic forum in switzerland. >> britain has a choice purdue and hope it stands back and the argument -- britain has a choice. they can stand back or say yes, the european union needs to change to suit the euro but also to suit all of us as well. make the argument for a flexible, competitive euro, take the british people with you. >> south africa is looking at newark power for its future nuclear ended -- at nuclear power for its future and nuclear e
community reacted in a very still a way to the threat of but leaving, saying that the german economy would be able to cope with that, though it would of course regret it. even more important, perhaps, the united states reacted very negatively. the relationship between britain and the united states has been the mainstay of british foreign policy for more than a century. yesterday, a member of the state department said that if britain were to leave the european union, that would seriously damage the special relationship between washington and london. >> thank you very much. >> to washington now where u.s. senator john kerry is president obama's choice for the next secretary of state. he has been quizzed by senators ahead of his recommendation. >> the issues like climate change and fighting disease are also priorities. he's expected to easily win approval for the job from the senate. to syria where authorities have called for a million-man prayer at mosques on friday in an effort to stem anti-regime demonstrations. >> the embattled president was also shown on state television praying with syr
. >> that is not the option we would like. we would like to see all of europe becoming more flexible. the global economy has doubled in value since 2000. how much of that has been seen in europe? very little. they're too many regulations, too much legislation, and the trouble with the european union at the moment is that it is too inward looking, it should be talking about how it becomes more competitive on a global basis. if these companies are going to want an ever closer union as a result of the problems created by the euro, why should britain not want to take advantage of the changing your pandemic to give britain a chance to become more competitive? the changes going to happen. we want that changed to be a direction that suits the british people. >> i can see you gesticulating. did you want to come in? >> we have become competitive within the european union. germany has given the example, we were able to become competitive. we of a higher debt ratio the most of the member states in the eurozone. higher unemployment questions. this has nothing to do with the european union, other countries have shown th
could be the longest u.s. great recession but others warn the economy is still shaky. we're pleased to have him here. welcome. >> thank you, charlie. >> i hear from davos where there a's a lot of smart people, i hear the economy is very fragile. on the other hand they're looking to america to have a good rekonkry. >> we're in a better place than the rest of the world. the euro crisis is not over although it seemed to have been abated. that's going to keep happening. the chinese economy is in bigger trouble than it's been in a long time. so that's worrisome. and so in the u.s., the real problem ultimately is a political problem because our economy is slowly recovering. things are starting to turn around and what could spiral us backward really is if one of these upcoming fights on sequestration or the next debt cellin ceiling, you know, finally causes it to -- >> that is sort of baked in the cake. everybody expects they're going keep kicking it down the road. why, then, do we have a surge in stock market? >> one is that corporate profits are very good. but don't forget, corporate com
and the overall shape and direction of the economy. could you speak to that? >> i for started talking about it two years ago. -- i first started talking about it two years ago. i started talking about what was possible with oil. i was a lone wolf in the woods at the time. since then, the bandwagon has loaded up. a lot of other people are saying, yes, it could happen, and it to be very important for america. particularly as it translates from energy to the general economy. there are more pillars' out there, housing, manufacturing -- they depend on recovery. the one that does not is energy, because the international demand is already there. it has been created by china, india. all around the world. the weakened cash in on that. would not have to wait on it. -- we can cash in on that. we do not have to wait on it. we need to keep doing what we're doing. it is going to mean a tremendous amount of jobs. we have seen that all through the midwest. north dakota is certainly a huge example of it. they say now there is to% and unemployed -- 2% unemployed there. we cannot find those folks. [laughter] we're s
, of the global economy and also for us in europe, um, is free trade. we have, unfortunately, a lot of protectionist tendencies in the world today. when we met at the g20 meeting outlined this time and again and impressed this on us, and we need to do everything we can in order to contain these protectionist tendencies. the doha round, the world trade organization has not, unfortunately, developed in such a positive direction as we wished. so in the future, too, unfortunately, we need to pin our hopes on financial trade agreements. and germany, i can promise you, will be very proactive as regards the conclusion of such fha agreements. we've now given the mandate for a free trade agreement with japan, with canada. we're shortly before conclusion of an fta with the -- [inaudible] states. we urgently need to come to such agreements. and after decades of failed attempts, we would like to do this with the united states as well, develop such a free trade agreement with the european union. quite often cultural exports are a bit bit of a hurdle here on bh sides, but i think we need to do, w
was just circumstances, the economy wasn't bad enough to fire obama and the republican party, its brand was still being dragged down with the association through the financial crisis in iraq and sundry other leftovers of the bush years? >> i think the clearest way to look at this is to look at 2010. 2010 was a resounding rejection of what obama had done in the first two years. it was a resounding rejection of the inintrusiveness expansion of the government. it essentially was a referendum on this kind of hyper liberalism and a referendum on the question of the size, the scope, the reach of government, and it was kind of a pure ideological election, because there were no personalities involved. you weren't voting for a president, you weren't voting up and down on a figure, you were voting on issues. and the don't instant -- dominant issue was obama, was the increase in spending, was essentially the expansion of government. or to put it a more abstract and grand way, the relationship between citizen and state which obviously was tilting towards state. so -- and there when the question is
reduction, methods for the economy, and we've got a pretty stacked agenda and urgency in the country to address it. >> what i don't think is constructive what the president is doing, within minutes of that horrible tragedy in newtown, the president began trying to exploit that tragedy to push a gun control agenda that's designed to appeal to partisans, designed to appeal to his political partisans. >> you rather freshman republican ted cruz suggesting that the president has been trying to take advantage of the newtown tragedy and the white house aides previously denied that. what is interesting is that some of those divisive details about gun control, immigration reform, we're told by aides at the white house will not come up tomorrow and the president will try to do the broad bush and follow up with the details on some of the issues, state in the union address, that's next month back on capitol hill. >> ed, thank you very much. the landscape of the president obama's second term is pretty different than when he came into the white house four years ago, as you know, and ed was kind of
at the corporation that has greater revenues than the economies of many western nations. this is a little under an hour. >> hi. thank you so much for joining a state. congratulations on what is quite an achievement. >> thank you. >> first of all, i really enjoyed the book. it read like a novel. i mean, it really read like non-fiction in places, which are short and as a writer you encountered some of that feeling as well. i know as a reporter who has dealt with exxon mobil a good chunk of her career, how difficult it probably was to probe this company. let's start there. white exxon mobil? added you come to the subject? why this company? how was it -- how did it differ from some of your other subjects? >> it is an interesting -- to me it was an interesting journey because, as you point out, i started out as a business reporter on wall street when i was young. then i went abroad and worked on more national subjects. after september 11 the road about the origins of those attacks and 20 years of american covert policy in afghanistan. then after that was over i thought, i want to keep writing about
democracies, because of the nature of our energy economy, they all have big state oil companies. bp, and mexico, and most of the states have privatized them but even bp -- were article shatly stalestate owned as recent as the 1980s, exxonmobil is our state oil company. they're a much more coherent expression of our national energy policy then the federal government is, and they're just as powerful relative to the state as tal is so france and even more. so only in america would we have a state oil company that lives in opposition to the state in which it resides. rex tillerson recently told scouting magazine his favorite book is atlas shrugged by ayn rand, and it suggests an attitude of skepticism toward the government that is peculiar. now, a company in france or italy or britain would be -- would have all again to the same universities as the president of the united states, they would be buddies and a locking sense of world view and maybe even,s they would work arm in arm with the french government abroad in order to secure they're -- their interests, but this country, we're skept
be a coalition partner for netanyahu. rather than security issues, it is the economy that is dominating the of said -- the debate. netanyahu maybe on his way to another victory, but it is far from plain sailing. the parties are likely to be ideologically different. for netanyahu, winning the selection and now may be the easy part. >> the trial of five men accused of raping a woman on of us have begun a fast track court in new delhi. the case has caused public outcry, and many are demanding women get better protection. the victim died two weeks after the incident. eight people have been killed in an attack in the afghan capital. a group of taliban gunmen stormed the building and took control of it for several hours. two policemen were among those killed. french prosecutors have charged an ethnic man with the murder of three female kurdish activists. he worked as a driver for the founder of the workers' party. she and two activists were found dead at a kurdish center in paris two weeks ago. the killing sparked protests from the community of kurds in france. russia is sending two passenger
with the economy bad and feeling washington needs to get its act together. >> joe? >> yeah. >> that asks -- that leads me to ask, you know, the group, what happens if within the white house, off of what mark just said, because this will be increasingly popular if the republicans continue to do things like this, what happens if the white house decides to try and pick off specific members of the republican membership in the house and perhaps some republicans in the senate and basically say people like you more now if you come and try and meet us halfway. what happens to this whole ball game if that occurs? >> i actually think the ball game is changing. the front of "the washington post" says that the gop offers respite on debt. "the new york times" also talks about how the republicans have gone ahead and pushed for -- obviously for this three-month extension that we're talking about. and mike, this goes back again to the republican party, not being conservative, not being moderate, but being smart. turning their back on their stupid ways as they set themselves up for punching bags which th
seating for up to eight. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. morning, boys. so, i'm working on a cistern intake valve, and the guy hands me a locknut wrench. no way! i'm like, what is this, a drainpipe slipknot? wherever your business takes you, nobody keeps you on the road like progressive commercial auto. [ flo speaking japanese ] [ shouting in japanese ] we work wherever you work. now, that's progressive. call or click today. >>> and we are back in snow covered davos. more of my conversation with dig abdullah of jordan. there's another election that took place this week, this really elections, when you look at what happened, do you believe that prime minister netanyahu may be encouraged to take more positive steps to try and achieve a two-state solution? >> well, i could say, i'm probably happier with the turn out of my election than he is with his. but whatever happens there's an understanding with the prime minister because obviously -- last year, 2012 was a year where we tried to keep the atmosp
problems effecting cities in emerging economies. in the capital of india, it is -- to critical levels prompted leaders to take action. >> is sick, choking, and inconvenient for morning commuters. smog -- a word coined to describe a mixture of smoke and fog, is a type of air pollution. every year, india's capital suffers from it. erik toft -- air quality has been a topic of talk in the political arena for some time. running vehicles on natural gas assault but environmental experts say an increased number of cars on the road since 2002 has wiped out the gains. nearly 1 million vehicles now use the roads here every day. smog contains many pollutants and the majority are from vehicle exhaust fumes. farmers burning their field hundreds of kilometers away to the northwest, preparing the ground for the next season, are just another example of the effects of the pollutants of the capital. the landlocked location does not help the situation. pollution generated from neighboring towns and cities had to baytown's production and aggravates the atmosphere here. environment experts believe lawmaker
and india to do something. if they do not, we are spinning in the wind. we are dismantling our economy to do absolutely nothing for the global climate. if you have china and india do what we are doing, intending to do, you would actually make a change that would make a difference. otherwise, what we're doing is dismantling our industry and essentially exporting it to china and india, where all of the carbon pollution is coming from. >> dealing with china and india is the job of the state department. hillary clinton. >> we were misled and there were protests and that the assault sprang out of that. >> with all due respect, we have four dead americans because of a protest or was it guys out for a walk that decided they would kill americans? what difference, at this point, does it make? it is our job to figure out what happened and figure out -- do everything we can to prevent it from happening again. >> the issue was the attack on our consulate in benghazi, took four lives, and with reference from we just heard, susan rice's comments on tv. one member of congress said clinton had allowed the c
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